M/I Homes, Inc. (NYSE:MHO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “

Other equities research analysts also recently issued reports about the company. BidaskClub raised M/I Homes from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. M/I Homes currently has an average rating of “Buy” and a consensus price target of $30.33.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. The business had revenue of $456.87 million during the quarter, compared to the consensus estimate of $456.56 million. During the same period in the prior year, the business posted $0.52 earnings per share. M/I Homes’s revenue was up 13.9% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently modified their holdings of MHO. Louisiana State Employees Retirement System increased its holdings in shares of M/I Homes by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the construction company’s stock valued at $247,000 after acquiring an additional 200 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of M/I Homes by 74.4% during the 1st quarter. Russell Investments Group Ltd. now owns 21,081 shares of the construction company’s stock valued at $516,000 after acquiring an additional 8,990 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of M/I Homes by 4.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,629 shares of the construction company’s stock valued at $848,000 after acquiring an additional 1,520 shares during the last quarter. LSV Asset Management increased its holdings in shares of M/I Homes by 9.8% during the 1st quarter. LSV Asset Management now owns 245,645 shares of the construction company’s stock valued at $6,018,000 after acquiring an additional 21,900 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of M/I Homes by 4.1% during the 1st quarter. Comerica Bank now owns 27,265 shares of the construction company’s stock valued at $753,000 after acquiring an additional 1,074 shares during the last quarter.

About M/I Homes

M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.

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